India's fiscal deficit likely to be over 7% in FY21: Report1 min read . Updated: 07 Jan 2021, 04:33 PM IST
- The pandemic and stringent lockdown measures imposed by India in the early stages hit India hard
- India's government had projected a fiscal deficit of 3.5% of GDP for the current year last February
New Delhi: India's fiscal deficit for year ending in March is likely to be over 7% of gross domestic product, three sources told Reuters, as revenue collections suffered from a lockdown and restrictions to rein in the spread of COVID-19.
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